Gold at New High Price

As I’m writing this the futures spot price of gold just broke through an all-time high. Currently, the gold spot price is over $2,700 per ounce!

Gold at New High Price

Gold at New High Price

California gold nuggets

Factors Driving Gold Prices to New Highs

The recent surge in gold prices can be attributed to several interconnected factors:

1. Geopolitical Tensions:

• Global Uncertainty: Rising tensions between nations, geopolitical crises, and trade disputes create an environment of uncertainty, which often drives investors towards safe-haven assets like gold.  
• Russia-Ukraine War: The ongoing conflict has significantly impacted global markets and increased demand for gold as a hedge against economic and political instability.  

2. Inflationary Concerns:

• Rising Prices: Persistent inflation erodes the purchasing power of fiat currencies, making gold, a tangible asset, a more attractive investment.  
• Central Bank Policies: To combat inflation, central banks often raise interest rates, which can weaken the value of currencies and increase the appeal of gold.

3. Central Bank Buying:

• Diversification: Central banks around the world have been actively increasing their gold holdings to diversify their foreign exchange reserves and protect against economic shocks.  
• Safe Haven: Gold’s status as a safe-haven asset makes it a desirable addition to central bank portfolios.  

4. Low Interest Rates:

• Decreased Opportunity Cost: When interest rates are low, the opportunity cost of holding gold, which doesn’t pay interest, is lower, making it a more attractive investment option.  

5. Investor Sentiment:

• Risk Aversion: As investors become more risk-averse in uncertain economic times, they often flock to gold as a perceived safe-haven asset.  
• Positive Outlook: Positive sentiment regarding gold’s long-term value can also drive prices higher.

It’s important to note that these factors can interact and influence each other, making it difficult to isolate the exact cause of gold price movements. However, the combination of these elements has contributed to the recent surge in gold prices.

Gold at New High Price

• +++++++

  High Grade Silver Ore Slab

  

  silver slab – example only

  Nice sawn vein specimen of fresh, unaltered high grade silver ore from the world-class Cobalt Ontario deposits. Sawn on one side only.  The deposit was described in Mineralogical Record, Volume 43, Number 6.  In general, veins are predominantly composed of carbonates (calcite and/or dolomite) with arsenides and sulpharsenides of Co, Ni and Fe with native Ag and Bismuth.  Most of this material has been squirreled away in collections by now, although specimens do occasionally come to market.

  

  There are a few of these silver slabs available. The very bright silver really makes this piece stand out, but, unfortunately makes it all so hard to photograph. As an example the one pictured above is 66 grams for $45.

  

  Silver, Bornite

  There are a few of these beautiful native silver w bornite specimens available. Here is a 2 inch x 1 inch, Apx. 17.5 grams – Native Silver on Bornite thumbnail specimen from San Martin, Mexico. As an example the one pictured above is 17.5 grams for $60. 

  Avon Gold Rush Collectible stein

  

  1987 8 1/2” tall  San Francisco Gold Rush Handcrafted in Brazil for Avon. Each one of is individually numbered (#32017) this is the last one. $35.

  For further information on these:  seo711@gmail.com

  All the items shown here are very limited and subject to prior sale without notice.

  #######

  Also see the most expensive type of gold nuggets, the Crystalline Gold Nuggets

  

  Crystalline gold

  Subscribe to our Youtube Arizona Gold Prospecting channel

  Click Here for great Gold Prospecting Equipment Deals

  • DISCLAIMER:

    Some of the links in this description and in our videos may be affiliate links, and pay a small commission if you use them, but never increase the basic cost. I really appreciate the support. The content in my Youtube videos & blog posts SHALL NOT be construed as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, prospecting or other & may be outdated or inaccurate; it is your responsibility to verify all information. I am a not financial adviser. I only express my opinions based on my experiences. Your experience may be quite different. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. You must conduct your own research. There is NO guarantee of gains or losses on any investments. My produced videos are for entertainment purposes ONLY. DO NOT make buying or selling decisions based on these videos. If you need advice, please contact a qualified CPA, attorney, insurance agent, contractor/electrician/engineer, financial advisor, or the appropriate professional for the subject you would like help with.

  • Keep in mind land use and land boundaries are constantly changing,  before going to a unknown location you must do extensive research not only into the current weather conditions, access and current land status.  Keep In mind private property owners and mining claim owners do not take kindly to trespassers and or claim jumpers. Always follow local laws and regulations related to prospecting and land use. Regulations and restrictions are constantly changing on BLM lands, State lands, National Monuments  and tribal lands. It is your responsibility to totally investigate any potential prospecting area  prior to heading out.  Failure to do so, could not only result in massive fines but also imprisonment and confiscation of all your equipment.